All-in with bold bets: Exploring Hack VC's crypto portfolio
TechFlow Selected TechFlow Selected
All-in with bold bets: Exploring Hack VC's crypto portfolio
Since last December, Hack VC has led investments in a series of projects including Babylon, imgnAI, AltLayer, Intia, io.net, Eclipse, and Elixir within just a few months—a notably aggressive move.
Navigating Web3 tides with focused insightsWritten by: 1912212.eth, Foresight News
Hack VC is increasingly occupying prominent positions in funding announcements across various projects. The market may wonder who they are. While the name of the fund's founder, Alexander, might not be widely remembered, names like Bain Capital and Dragonfly Capital are undoubtedly familiar to all.
Alexander previously helped launch the cryptocurrency investment business at Bain Capital and co-founded Dragonfly Capital with Feng Bo in 2018. Dragonfly was a major winner in the last market cycle, profiting handsomely from public chains and DeFi, and has since become one of Asia’s largest crypto funds.
Shortly after leaving Dragonfly in 2020, Alexander founded his own fund, Hack VC, raising a $300 million seed fund backed by investors including Sequoia, a16z partners Marc Andreessen and Chris Dixon.
Since last December, Hack VC has led investments in numerous projects such as Babylon, imgnAI, AltLayer, Initia, io.net, Eclipse, and Elixir within just a few months—an aggressively paced investment strategy. Interestingly, however, Hack VC has yet to make any moves in the NFT space.
In February this year, Hack VC closed a new $150 million fund, with managing partner Alex Pack stating in a Bloomberg interview that about one-third of the fund had already been deployed. Just over a month later, Hack VC began raising another fund of at least $100 million, targeting seed-stage investments in crypto startups.
On April 9, coinciding with the conclusion of Hong Kong Web3 Festival, Hack.summit() 2024—a blockchain developer conference hosted by Hack VC—kicked off, attracting many industry elites, tech experts, and well-known project teams. Themed “Building the Future, Creating Value Together,” the summit focused on the latest applications of blockchain technology, industry trends, and future development directions.
It’s time to take a closer look at this rising VC firm’s crypto landscape.
Infrastructure
Eclipse
Eclipse is a project that simplifies customizable modular rollup construction for all users. Unlike other rollups with fixed components (such as virtual machines and base layers), Eclipse allows you to easily create various types of rollups. For example, you can choose Polygon Avail as the consensus and data availability layer while using SVM as the execution layer. Eclipse provides an "Eclipse Settlement Layer" as the settlement layer (including IBC), enabling rollups built on Eclipse to seamlessly integrate with the Cosmos ecosystem.
In March this year, Eclipse raised $50 million in funding, co-led by Placeholder and Hack VC, with participation from Polychain Capital, Delphi Digital, and others.
Initia
Initia aims to build a “Apple ecosystem” for the blockchain world, seeking to eliminate the fragmented experience of multi-chain systems through vertical integration of its technology stack. Initia integrates the underlying Layer 1 with Layer 2 application chains (officially called “Minitias”) via the Initia Rollup framework and enables message passing between Minitias through IBC. Much like in Apple’s ecosystem, where developers can use various frameworks (React Native, Swift, etc.) to build apps but still access native features like ApplePay, FaceID, and cross-app communication, Initia mimics this through modular network products and inherent functionalities.
In February this year, Initia raised $7.5 million, co-led by Delphi Ventures and Hack VC, with participation from Cobie and others. Notably, in October 2023, Initia received a Pre-Seed investment from Binance Labs.
SX
SX Network is an independent smart contract blockchain powered by a native prediction market protocol. Designed for blockchain application developers with EVM compatibility, low-cost transactions, and a PoS-based consensus model, it consists of three core interconnected platforms: SX Bet, SX Protocol, and SX Blockchain.
Gelato
Gelato Network is a Web3 automation and relay network designed to enable developers to automatically execute arbitrary smart contracts across all EVM-compatible blockchains. Gelato empowers everyone to leverage a bot network to fully automate the flow of their funds across different Ethereum protocols.
Blocknative
Blocknative builds and operates critical infrastructure for monitoring and managing public chain transactions. Blocknative illuminates the “dark forest” and protects transactions.
Syndicate
Syndicate offers APIs and smart contracts to build scalable Web3 products. It supports L3 launches with near-zero gas fees—unlocking intelligent gas subsidies, native gas tokens, data oracles, precompiles, and more. Originally a decentralized investment DAO, it has now transitioned into infrastructure.
Restaking
AltLayer
AltLayer currently focuses on Restaked Rollups integrated with EigenLayer’s restaking service, enhancing the security, decentralization, and user experience of rollup public chains through EigenLayer’s Active Validation Service (AVS). It also provides temporary execution layer services suitable for short-term use cases—for instance, alleviating Ethereum mainnet congestion during high-demand events like Yuga Labs’ Otherdeed for Otherside NFT sale. Furthermore, AltLayer’s platform is designed for a multi-chain and multi-virtual-machine world, supporting not only EVM and WASM (used by Cosmos, Polkadot, etc.) but also planning support for Solana VM (Sealevel) and Move VM.
In February this year, AltLayer raised $14.4 million in a strategic round co-led by Polychain Capital and Hack VC, with participation from OKX Ventures, HashKey Capital, IOSG, and others. Its previous funding round dates back to July 2022, led by Polychain Capital, Jump Crypto, and Breyer Capital, with participants including Gavin Wood (founder of Polkadot), Balaji Srinivasan (former CTO of Coinbase and ex-a16z partner), Sean Neville (co-founder of Circle), and Kain Warwick and Jordan Momtazi (co-founders of Synthetix and Bodhi Ventures).
EigenLayer
EigenLayer allows developers to leverage Ethereum’s existing economic security infrastructure, including its validator set and capital. By reusing Ethereum’s established security, it streamlines the creation of new networks and services. Its core concept is restaking. Through restaking, EigenLayer enables staked ETH and Ethereum validators to secure other services and networks.
EigenLayer recently secured $100 million in funding from a16z. Last year, it raised funds led by Blockchain Capital, with participation from Coinbase Ventures, Polychain Capital, Hack VC, Electric Capital, IOSG, and others.
Rio Network
Rio is a liquidity restaking network whose first liquidity restaking token is reETH. Chorus One, Figment, HashKey Cloud, Kiln, and Unit 410 are Rio’s initial node operators, responsible for operating ETH validators and maintaining AVS.
Cross-Chain Bridges
Across
Across is a cross-chain bridging protocol that enables users to execute near-instant transactions between chains. This is achieved using oracles, bonded relayers, and one-sided liquidity pools.
Nomad
Unlike validator-based cross-chain bridges, Nomad does not rely on numerous external parties to validate cross-chain communications. Instead, it uses an optimistic mechanism allowing users to securely send messages and bridge assets, with fraud detectable and reportable by anyone observing the system.
Raven DAO
Raven DAO provides liquidity across DeFi protocols, blockchains, and centralized exchanges.
Public Chains
Berachain
Berachain is an EVM-compatible Layer 1 focused on DeFi, built on the Cosmos SDK and utilizing Proof of Liquidity (PoL) as its consensus mechanism. Built upon Polaris EVM—the foundational operating system for EVMs on the Cosmos SDK—Polaris connects EVM and Cosmos SDK via message passing, separating block building, processing, and storage from execution. Polaris EVM also provides developers with state precompiles and custom module creation, enabling them to develop more efficient and powerful smart contracts.
In April this year, Berachain raised $42 million in funding led by Polychain Capital, with participation from OKX Ventures, Hack VC, Dao5, Robot Ventures, Goldentree Asset Management, former Dragonfly Capital partner, Celestia founder Mustafa Al-Bassam, Tendermint co-founder Zaki Manian, and over 20 DeFi project founders.
SUI
SUI is a Layer 1 public chain redesigned and rebuilt from first principles, aiming to provide creators and developers with a platform capable of supporting the next billion Web3 users. Applications on Sui are based on the Move smart contract language and offer horizontal scalability, enabling developers to rapidly and affordably support a wide range of applications.
DeSo
DeSo is an open-source social media platform blockchain.
OG Labs
OG is creating a modular AI public chain aimed at addressing pain points for on-chain AI applications in the Web3 ecosystem, such as speed and cost efficiency. According to OG Labs’ website, one of its developing products is called “Uni-Chain,” a Web3 architecture that seamlessly connects networks into a unified metaverse, allowing users to interact with users and services across any chain via a single wallet.
In March 2024, OG Labs raised $30 million in a Pre-Seed round led by Hack VC, with participation from Foresight Ventures, Delphi Digital, OKX Ventures, and others.
Layer 2
Boba
Boba Network is an Ethereum Layer 2 scaling solution using Optimistic Rollup, created by Enya team, a core contributor to the OMG Foundation. In addition to the basic advantages of low gas fees and high throughput offered by Optimistic Rollup technology itself, Boba improves the Layer 2 asset withdrawal process by introducing “liquidity pools,” allowing liquidity providers to add liquidity for different assets on-chain, facilitating cross-mainnet and Layer 2 asset swaps, reducing withdrawal times from at least seven days to minutes.
In 2022, Boba raised $45 million in Series A funding, with participation from Crypto.com, Huobi, Hack VC, and others.
Fhenix
Fhenix is building the first fully homomorphic encryption-powered Layer 2. Homomorphic encryption is a more scalable technology for executing arbitrary confidential smart contracts, designed using an Optimistic Rollup approach.
In September 2023, Fhenix raised $7 million in seed funding led by Sora Ventures, Multicoin Capital, and Collider Ventures, with participation from Bankless, HackVC, and others.
Tari
Tari is a digital-asset-focused blockchain protocol built in Rust, emphasizing privacy, anonymity, and open-source development, constructed as a sidechain merged-mined with Monero.
Bitcoin Ecosystem
Babylon
By leveraging three aspects of Bitcoin—its timestamping service, block space, and asset value—Babylon transfers Bitcoin’s security to numerous proof-of-stake (PoS) chains, creating a stronger, unified ecosystem. Babylon’s Bitcoin staking protocol uses a remote staking method, overcoming the lack of smart contracts through cryptographic techniques, innovations in consensus protocols, and optimized use of Bitcoin scripting language. The protocol allows Bitcoin holders to credibly stake their BTC without bridging to PoS chains, providing full slashable security guarantees for those chains.
In February this year, Babylon Chain received investment from Binance Labs. In December 2023, it raised $18 million, led by Polychain Capital and Hack VC, with participation from Framework Ventures, Polygon Ventures, OKX Ventures, IOSG, and others.
Mezo
Mezo is a Bitcoin Layer 2 network launched by Thesis, a startup studio founded in 2014. Mezo utilizes a points program called “HODL Proof” to put otherwise idle Bitcoin assets held by users to productive use. The longer Bitcoin is held, the higher the contributor’s “HODL score multiplier.” Mezo aims to deepen Bitcoin infrastructure functionality by enabling cheaper, faster transactions without deviating from the network’s core principles.
In April this year, Thesis, the developer behind Mezo, raised $21 million in Series A funding led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates, and others.
DeFi
Derivatives
MYX
MYX is a decentralized perpetual exchange that enables zero-slippage trading through its Matching Pool Mechanism (MPM), matching long and short positions.
In December 2023, MYX raised $5 million in seed funding led by HongShan, with participation from Consensys, Hack VC, OKX Ventures, Foresight Ventures, Redpoint China, HashKey Capital, GSR Markets, and others.
Perpetual
Perpetual is a decentralized perpetual contract trading protocol. Recently, it launched a V3 test version introducing a smart liquidity framework for on-chain derivatives, allowing users to choose between pure on-chain liquidity or a combination of on-chain and off-chain solutions, emphasizing simplified user experience and flexibility. The new version enhances UX through biometric-secured wallets, streamlined onboarding, and a comprehensive platform.
Vertex
Vertex is a decentralized spot and derivatives exchange on Arbitrum, supporting over 30 trading pairs. Previously, the protocol operated within the Terra chain ecosystem.
Cega
Cega is a derivatives protocol founded by Arisa Toyosaki, a former UBS derivatives trader. It is currently the first decentralized exotic derivatives protocol in the DeFi space—an umbrella term for a series of complex derivative instruments varying in pricing, hedging methods, and liquidity, forming a kaleidoscope-like structure. Individual exotic derivatives can be viewed as structured products. Cega’s first exotic derivative product is the Fixed Coupon Note (FCN), which allows investors to earn higher yields under conditions of small probability principal loss (with downside protection).
Kine
Kine is a decentralized derivatives exchange that uses Layer 2 networks for on-chain staking while achieving zero gas fees for long/short trading.
Variational
Variational is a decentralized, non-custodial bilateral derivatives quotation platform on Arbitrum.
Liquidity Protocols
Elixir
Elixir is a modular DPoS liquidity network enabling anyone to directly provide liquidity to order books, bringing liquidity to long-tail crypto assets and allowing exchanges and protocols to bootstrap ledger liquidity. Currently, Elixir plans to issue its token ELX, though the tokenomics have not yet been disclosed. ELX will primarily serve two purposes: staking by nodes and validators to secure the network, and governance by the community.
In March this year, Elixir raised $8 million in Series B funding co-led by Mysten Labs and Maelstrom, with participation from Arthur Hayes, Amber Group, GSR, and others.
Affine
Affine aims to solve impermanent loss issues in liquidity provision. Its USD Earn product offers automated diversification and yield generation through liquidity management strategies. In February 2023, Affine raised $5.1 million in funding led by Jump Crypto and Hack VC, with participation from Circle Ventures and Coinbase Ventures.
Overnight
Overnight develops proprietary, delta-neutral on-chain yield strategies for stablecoins.
Symbiosis Finance
Symbiosis Finance is a decentralized multi-chain liquidity protocol aggregating liquidity from decentralized exchanges across all EVM and some non-EVM networks. It aims to address fragmented liquidity across different chains and improve user experience within the DeFi and Web3 ecosystems.
Ante
Ante is a non-custodial incentivized testing protocol that allows anyone to tokenize trust in a target protocol.
DEX
GRVT
Positioned more toward CEX, Gravity functions as a hybrid exchange but differs fundamentally in being self-custodial. Degens can easily trade using MetaMask or WalletConnect, similar to dYdX Chain or GMX.
In September 2023, Gravity raised over $7 million in seed funding co-led by Matrix Partners and Delphi Digital, with additional investors including Susquehanna Investment Group, CMS Holdings, Hack VC, Matter Labs, and others.
CowSwap
CowSwap is a decentralized trading platform built on Cow Protocol, known for offering MEV (Maximal Extractable Value) protection and low transaction fees.
RWA
AlloyX
AlloyX combines overcollateralized tokenized credit from Credix Finance (digital tokens backed by real-world assets such as loans or debt instruments) with smart contracts for tokenized U.S. Treasury bills, offering DeFi investors exposure to real-world asset liquidity. Lenders deposit USDC into the vault, which aggregates these assets and allocates them according to preset parameters. By depositing USDC, users receive vault tokens based on a floating rate and earn yield. AlloyX stands out due to its automatic allocation across multiple credit protocols, deploying USDC according to the vault’s distribution rules.
In June 2023, AlloyX raised $2 million in a Pre-Seed round led by Hack VC, with participation from Circle Ventures, Digital Currency Group, Strato, DAO5, and others.
Parcl
Parcl is a decentralized real estate investment platform that integrates traditional real estate investing with blockchain technology, transforming conventional investment approaches and philosophies. By consolidating global real estate data, Parcl selects valuable investment opportunities, providing users with detailed information and price trends for global real estate markets. Its market prices are relatively real-time and representative, enabling users to analyze market dynamics independently and generate returns through traditional financial methods like buying and shorting. This April, the project will airdrop 7%-8% of its tokens to the community.
Its total funding traces back to 2022, amounting to over $11 million, with participation from Dragonfly Capital, ParaFi, Coinbase Ventures, Solana Ventures, and Hack VC.
Superstate
Superstate focuses on developing regulated, compliant investment tools using public blockchains accessible to U.S. investors. Led by Compound founder Robert Leshner, the company has allocated funds toward team expansion, creating private funds for institutional investors, and establishing a framework for tokenized public funds.
In November 2023, Superstate raised $14 million in funding led by CoinFund and Distributed Global, with participation from CMT Digital, Folius Ventures, Galaxy Digital, HackVC, and others.
Goldfinch
Goldfinch aims to raise funds for real-world enterprises, enabling companies to obtain credit financing through the Goldfinch protocol.
Midas
Midas is an asset tokenization project; mTBILL, its first product, tracks short-term U.S. Treasury bonds, with each mTBILL token representing a share in the BlackRock Treasury ETF.
In March this year, Midas raised $8.75 million in seed funding led by BlockTower Capital, Framework Ventures, and HV Capital, with participation from Coinbase Ventures, Ledger, 6th Man Ventures, GSR, Hack VC, Axelar Network, Peer Capital, and FJ Labs.
Lending
Archimedes
Archimedes is a BTC lending protocol that increases passive or leveraged returns for Bitcoin holders. According to its official site, the protocol currently supports seven types of asset pools, with a total value locked exceeding $2.3 million. Upcoming features include annualized passive yield rates and maximum leveraged yield options. In February 2023, Archimedes raised $4.9 million in seed funding led by Hack VC.
Ajna
Ajna is a non-custodial, permissionless system requiring neither oracles nor governance, ensuring high decentralization and autonomy. Ajna allows the creation of markets with specific collateral and loan assets. The platform supports various assets, including fungible tokens and NFTs.
Wallets & Asset Management
CoinStats
Founded in 2017, CoinStats is a free cryptocurrency portfolio management app and DeFi wallet, supporting market data from 300 cryptocurrency exchanges and managing over $500 billion in crypto assets. In 2022, it raised $3.2 million in funding led by Hack VC.
August (formerly Fractal)
Fractal enables institutions to liquidate, settle, and manage collateral for on-chain digital assets, offering transparent proof of reserves, third-party collateral management, and instant on-chain settlement. Clients can monitor their positions in real time with counterparties, reducing counterparty risk.
In April 2023, August raised $6 million in seed funding led by Hack VC, with participation from CMT Digital, Blizzard Fund, Circle, The Spartan Group, and others.
Demox Labs
Demox Labs provides privacy infrastructure for zero-knowledge blockchains. It will support the development of various products for the privacy-focused blockchain Aleo. Its first product is Leo Wallet, a privacy-preserving wallet.
Exponential
Exponential is an investment platform that makes it easy to discover, evaluate, and invest in DeFi yield opportunities. It has obtained licensing from the U.S. FinCEN.
Doormat
DOORMAT is building key management for crypto wallets.
Layer2 Financial
Layer2 Financial aims to provide compliant payments in multiple currencies for clients. With just one API, it offers services including receiving payments, making payments, and foreign exchange.
Nocturne
Nocturne integrates privacy directly at the account layer. Its functionality resembles a smart contract wallet, compatible with any DeFi protocol that represents state via output tokens, such as Uniswap LP tokens, Aave aTokens, and Compound cTokens. In January, Nocturne announced it would shut down Nocturne v1 and shift focus to application development. The team stated they realized the transition to L2 and AA must precede privacy adoption—users prioritize cost and UX first. Privacy timing depends on cryptocurrency utility; until these primary barriers are overcome, privacy remains secondary.
In October 2023, Nocturne Labs raised $6 million in seed funding co-led by Bain Capital Crypto and Polychain Capital, with participation from Vitalik Buterin, Hack VC, Robot Ventures, and others.
MobileCoin
MobileCoin is a privacy payment protocol focused on delivering secure, private cryptocurrency wallet services for mobile applications.
VFAT
VFAT is a minimalist mining dashboard and calculator.
Others
M^0
M^ZERO is building the first decentralized monetary middleware, enabling crypto institutions to mint and issue decentralized, fungible stablecoins backed by U.S. Treasuries. The protocol is scheduled to launch in Q2 2024, with initial users expected to include crypto funds and market makers.
Zebec
Zebec enables real-time, frictionless, and continuous payment streams. Recently, it underwent a rebranding to establish Zebec Network, expanding into areas like DePIN.
Gaming
DeGame
DeGame is a Web3 blockchain gaming aggregation platform hosting over 4,000 game projects and partnering with more than 1,000 blockchain gaming projects and game tokens, including STEPN and Thetan Arena.
Pixel
Pixels (Pixel Farm) is a social Web3 game built on @Ronin_Network, launched in 2021 and reaching 180,000 DAUs in 2023. Pixels recreates the atmosphere of classic 16-bit RPG adventures, allowing players to navigate pixel-art worlds, interact with others, farm land, play mini-games, and earn token rewards. It also allows holders of selected NFT profile picture (PFP) collections to use their avatars in-game.
In February 2022, Pixels raised $2.4 million in seed funding led by Animoca Brands and PKO Investments, with participation from OpenSea and others. In February this year, Pixels announced $4.8 million in strategic funding, with participation from Framework Ventures, Yield Guild Games, Sky Mavis, Mechanism Capital, Fenbushi Capital, and individual investors including Alex Svanenik, CEO of Nansen.
Matchday
Matchday is building a simple-to-play game for fans.
AI
imgnAI
ImgnAI’s main product, Nai, is an AI image generation bot that allows Discord and Telegram users to generate artwork through simple text commands.
In January this year, ImgnAI raised $1.6 million in seed funding led by Hack VC, with participation from Rana Capital, Selini Capital, West Ham Capital, Motus Capital, and dao5.
io.net
io.net aims to provide computing power for machine learning (ML). It aggregates computing capacity from over a million GPUs sourced from independent data centers, cryptocurrency miners, and projects like Filecoin or Render. Its functional product suite includes IO Cloud, IO Worker, and IO Explorer. In a recent tweet, IO announced the launch of a points reward program running through the end of April, and plans to release its IO token by the end of April.
In March this year, io.net raised $30 million in Series A funding led by Hack VC, with participation from Foresight Ventures, Multicoin Capital, Delphi Digital, Solana Labs, Aptos Labs, OKX Ventures, and angel investors including Solana founder Anatoly Yakovenko, Aptos founders Mo Shaikh and Avery Ching.
Ritual
Ritual aims to combine the best principles and technologies of cryptography and AI to create a system that allows open, permissionless creation, distribution, and improvement of AI models. Ritual connects a distributed network of nodes with computational power to model creators, allowing them to host models on these nodes. Users can then access any model on the network—whether LLMs or classical ML models—via a universal API, with additional cryptographic infrastructure ensuring computational integrity and privacy.
Security
Firewall
Firewall is a security company specializing in developing firewall solutions for blockchain networks to prevent smart contract vulnerabilities. In March this year, Firewall raised $3.7 million in Pre-Seed funding co-led by North Island Ventures, Breyer Capital, and Hack VC.
Veridise
VERIDISE is a blockchain security company providing auditing and software analysis tools.
DAO
CreatorDAO
CreatorDAO is a DAO organization focused on accelerating creators’ careers and granting them shared access to capital, technology, and community. CreatorDAO provides creators with mentorship, professional tools needed to grow their brand, and a community that invests in each other’s success.
In August 2022, CreatorDAO raised $20 million in seed funding led by a16z crypto and Initialized Capital, with other investors including SV Angel and Hack VC.
Noble
Noble provides software for DAOs to empower organizational sovereignty.
AladdinDAO
AladdinDAO is a decentralized network that shifts crypto investment from venture capitalists to the wisdom of the crowd through collective value discovery. DeFi experts identify the most promising DeFi projects, enabling AladdinDAO community members to benefit from their liquidity mining programs.
CEX
AscendtEX
AscendEX is a cryptocurrency trading platform. In May 2021, AscendEX raised $50 million in Series B funding led by Polychain Capital and Hack VC, with participation from Jump Capital and others.
TerraCEX
TerraCEX is a cryptocurrency trading platform based in South Africa.
Creators & Content
Sepana
Sepana expands people’s cognition by making Web3 content easily discoverable and accessible. Sepana supports cross-chain and Web3 discovery of content, transactions, NFTs, DAOs, and individuals. Currently, Sepana has developed products such as Ask Mirror, Lens Search, and Cloutavista, helping users conveniently query content from protocols like Mirror, Lens Protocol, and Deso.
In November 2022, Sepana raised $10 million in funding led by Hack VC and Pitango First, with participation from Protocol Labs and Balaji Srinivasan.
Decrypt
Decrypt is an overseas blockchain media platform.
Mirror
Mirror is a decentralized, blockchain-based encrypted publishing platform designed to directly connect creators with readers.
Tools & Applications
EthSigh
EthSigh is a decentralized, versioned, integrable, ubiquitous electronic agreement signing platform—a decentralized, versioned, integrable electronic agreement signing platform.
Lit Protocol
LIT is a key management network for decentralized signing and encryption. It enables the creation of applications and wallets that are anonymous and avoid single points of failure.
Moonbounce
Moonbounce is a browser extension offering real-time interaction, integrated rewards, and loyalty program tools for businesses and creators. It aims to provide a social browsing experience, mimicking real-world social media, allowing users to surf the web together with friends.
Enterprise Services & Market Making
Guild
Guild provides automated membership management for Web3 platforms and currently hosts hundreds of brand protocols.
Eaglebrook Advisors
Eaglebrook Advisors provides crypto solutions for institutions.
Dexterity Capital
Dexterity is an algorithmic high-frequency trading firm focused on digital assets.
Consensys
Consensys is a blockchain technology company providing Ethereum-based software and solutions for enterprises, developers, and individuals. Its founder, Joseph Lubin, is also one of the co-founders of Ethereum. Beyond development and consulting services, its product suite includes MetaMask wallet, Infura developer toolkit, smart contract audit service Diligence, and the open-source blockchain Quorum.
Gravity Markets
Gravity Markets provides customized discretionary management solutions managed by expert traders in the crypto asset market to control volatility risk.
Bitwave
Bitwave provides enterprise solutions for handling digital assets, including tax tracking, automatic mark-to-market accounting, crypto AR/AP, wallets, and DeFi. It has raised over $20 million across two rounds: the first in 2021 led by Blockchain Capital, and the second in 2022 led by Hack VC and Blockchain Capital.
Nonco
Nonco is a digital asset brokerage firm serving financial institutions and professional investors. It leverages advanced platforms and pricing algorithms to execute various order types—including single assets, baskets, and indices—ensuring optimal execution for asset managers and traders. The company was spun off from OSL Digital Limited, the Americas division of Hong Kong-based digital asset platform OSL (an Asian OTC brokerage).
In December 2023, Nonco raised $10 million in seed funding led by Valor Capital Group and Hack VC, with participation from Morgan Creek Digital and Bullish.
Amber Group
Founded in 2017 and headquartered in Hong Kong, Amber Group is a global provider of intelligent crypto financial services with operations worldwide, including branches in Taipei, Seoul, and Vancouver.
Others
Monkey Tilt
In February this year, Monkey Tilt raised $21 million in funding, with participation from PolyChain Capital, Hack VC, Poker Go, Accomplice, Folius Ventures, and others.
Hourglass
Hourglass is a platform providing services related to time-bound tokens, including staking and trading. In May 2023, it raised $4.2 million in seed funding led by Electric Capital, with participation from Coinbase Ventures, Circle Ventures, Hack VC, and others.
Republic
Republic is a crowdfunding platform founded in 2016, aiming to provide more investment opportunities for startups, real estate, gaming, and cryptocurrencies.
Delv (formerly Element)
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
Foresight News
